Issue #204 - 8 Jun 2020
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PM Announces RM35 billion stimulus plan in latest bid for economic recovery
Prime Minister Muhyiddin Yassin [last Friday] unveiled a RM35 billion stimulus package to help the economy recover from the impact of Covid-19 and the subsequent movement control order (MCO), which saw the majority of businesses shut down for weeks under restrictions on public activities.
Of this, RM10 billion will be in the form of direct fiscal injections. Billed as a short-term economic recovery plan (ERP), the package titled “Pelan Jana Semula Ekonomi Negara” or “Penjana” was established with three main goals: to empower the people, propel businesses and stimulate the economy.
There are 40 initiatives covering these goals, with emphasis given to supporting workers and small and medium-sized enterprises (SMEs) through training programmes, social support, financing schemes, boosting domestic consumption and supporting industries impacted by the outbreak and MCO. Continue reading at FMT News |
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The Government now unveils PENJANA (Pelan Jana Semula Ekonomi Negara) or the National Economic Recovery Plan. This Government is committed to taking an inclusive and holistic approach to Malaysia’s economic recovery, and it is important to us that everyone is part of this journey. Towards this end, PENJANA will focus on 3 key thrusts - Empower People, Propel Businesses and Stimulate the Economy.
This booklet outlines the details of PENJANA’s initiatives. God willing, may we find much blessing in this journey together towards a secure future for Malaysia.
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PM declares Malaysia's Movement Control Order enters "Recovery" phase from 10 June until 31 Aug
In his address, the prime minister said the RMCO marks the entry of the country into the "exit strategy" phase from the Movement Control Order and the CMCO, which came into force on March 18 and May 4, respectively.
• Interstate travel allowed, international borders still closed • Gradual reopening of schools • Hair salons, morning & night markets allowed to operate • Restrictions on leisure activities eased • Adherence to SOPs, i.e. wearing face masks
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SOPs for Reopening of Economy
The National Security Council Malaysia has released a comprehensive set of Standard Operating Procedures (SOPs) for the reopening of economy, covering most major sectors and general guidelines.
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1. 2021 National Budget Submission and Joint Tax Policy Working Group
The BMCC was invited by the Ministry of Finance Malaysia (MoF) to submit a Memorandum for input into the preparation of the 2021 National Budget which is expected to be tabled in Parliament in early October 2020. A set of questionnaires was later published in the BMCC Newsletter #198 dated 27 April 2020 to gather issues and recommendations from our members and business community for inclusion in the Memorandum to the 2021 National Budget consultative process.
Following this, the BMCC Advocacy Working Group met to discuss all the feedback collected. The Working Group agreed on the issues and recommendations to be included in the BMCC Memorandum. BMCC thanks the representatives and subject matter experts from our corporate members – Abdullah Chan & Co, Arup, Ernst & Young, Deloitte, Delta Gates Solutions, FHC Legal, PwC and Shell for their contributions to the submission of the BMCC Memorandum to MoF.
In addition, the BMCC together with the American Malaysian Chamber of Commerce (AMCHAM) formed a Joint Tax Policy Working Group which met online for the first time to discuss the collective feedbacks from both the Chambers. Subsequent to the meeting, both BMCC and AMCHAM submitted a Joint Memorandum for National Budget 2021 to the Ministry of Finance. The Joint Memorandum is aimed to reinforce and strengthen the advocacy of some key issues affecting our members.
The Joint Tax Policy Working Group is set up with the objectives to create a platform to discuss tax policy matters affecting businesses, formulate recommendations to policymakers in the interest of businesses and further support the Government’s efforts in stimulating the economy. The Working Group members comprises senior representatives from key sector members of both Chambers namely Education, Electrical & Electronics, Oil & Gas, Healthcare, and Real Estate & Property working together with the Big Four accounting firms. |
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2. BMCC Education Committee (3-18 Years)
• Meeting with Private Education Division of the Ministry of Education
The BMCC Education Committee (3-18 Years) organised an online meeting with the Private Education Division of the Ministry of Education (MoE) on 29 May 2020 to share insights on the challenges faced by private and international schools from the impact of the COVID-19 outbreak and Movement Control Order. The meeting was chaired by the Director of the Private Education Division, Mr Fauzi bin Asirop. The BMCC Education Committee was represented by the Committee's Advocacy and Partnership Working Group members - from the Alice Smith School, Sri KDU International School, Marlborough College Malaysia, Nexus International School and Eaton International School. The Working Group managed to share collective concerns and recommendations to the Private Education Division as additional input for the formulation of the school reopening guidelines by MoE.
• 3rd Committee Meeting
Following the meeting with the MoE, the BMCC Education Committee (3-18 Years) held its third committee meeting on 1 June 2020 via Zoom video conference platform. Roger Schultz, Head of Alice Smith School as the Chair of the Committee hosted the meeting which was attended by 15 other fellow members from the private and international schools sector. Main agendas included feedback and discussion on the meeting with MoE as well as next initiatives to support members in the sector. The Committee also welcomed a new member - Learn Direct Ltd, a UK-based integrated provider of courses, qualifications and training.
• Roundtable on Return to School (RTS), Preparedness, Readiness & Best Practices
A virtual roundtable discussion session on Return to School (RTS) Preparedness, Readiness & Best Practices was organised on 4 June 2020 for Committee members to address some of the frequently asked questions from schools on considerations towards reopening and practical approaches during the COVID-19 crisis with a focus on health and safety measures for their students, teachers & school personnel. The session was facilitated by medical experts - Dr David Teo, Regional Medical Director, Asia and Dr Chan Yanjun, Medical Director Malaysia from International SOS, a fellow member of the BMCC. The experts shared insights on preparations before and upon reopening of schools including best practices among schools in Asia. The roundtable was aimed to assist participants in their preparation process for restarting schools following the guidelines issues by MoE. |
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3. Roundtable – Impact of COVID-19 on the Engineering and Construction Sector
The BMCC held a virtual roundtable session recently which brought together executives & business leaders from the engineering and construction sector to share insights on the commercial and technical impacts of delayed projects due to the MCO and how businesses in the sector are leading, managing and engaging with different stakeholders.
The roundtable was chaired by Bill Addington, the BMCC Board Member & Director of Tony Gee & Partners and participated by members of the engineering and construction sector. Ir Lai Sze Ching, Council Member of the Institute of Engineers Malaysia (IEM) and Ir. Wong Shu Leong, a Professional Committee Member of Board of Engineers Malaysia (BEM) were special invited guests at the roundtable, who shared valuable views from the industry.
Members participating in the roundtable found the discussions useful and collectively viewed regular discussion forums such as this would be beneficial. If you are member from the engineering and construction sector, and interested to join future meetings, kindly contact rohazwan@bmcc.org.my.
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To revisit our previous BMCC webinar "COVID-19 Pivots Malaysian Healthcare Industry" on 4 June with the Medical Device Authority (MDA) and DKSH Malaysia Sdn Bhd, you may watch the webinar recording here: https://www.youtube.com/watch?v=vBNzCLmf7zk |
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Post Crisis Business Landscape: How Do We Navigate Through It? *Change of date to 19 June
COVID-19 has inevitably become a catalyst for change in businesses on micro and macro level. With more products and services moving online and consumer behaviour shifting constantly, how should entrepreneurs navigate through these changes? How can entrepreneurs create an ecosystem for their businesses to go through uncertainties? In this webinar, we gather Endeavor Malaysia mentor and BMCC board of director who will provide their insights on: - Understanding key organisational change drivers to adapt to new business landscape
- The need for change management during crisis and to prepare for future crises
- Building a support ecosystem for businesses to navigate through transitions
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ABAC Center of Excellence: ISO 37001 ABMS to Evaluate Your Anti-Corruption Compliance Program (Webinar, 18 June) BMCC Partnered Event
To address the growing world outcry against corrupt business practices, global organisations are ramping up efforts to develop effective frameworks to prevent, detect and and report bribery and corruption. Don't miss the chance to find out more about ISO 37001 ABMS as an effective and powerful tool for your business to establish competency and compliance requirements for the scope of Section 17A MACC enforcement.
BMCC Members entitled to 60% off Or USD 40 partner rate per pass
More info here | For registration and inquiries, email asrafudin.zakari@abacgroup.com |
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Staffordshire Chambers of Commerce: Meet and Greet with Executive Director of the British Malaysian Chamber of Commerce (Zoom, 10 June, 9am UK Time)
Exclusive for UK companies keen to explore expanding to Malaysia. Join this online meet & greet session by the Staffordshire Chambers of Commerce with BMCC Executive Director, Jennifer Lopez.
- Quick overview about Malaysia - Key Opportunities for UK Businesses - Overview of the BMCC and the support BMCC can offer - How Malaysia is coping with COVID 19 and the new normal - Q and A
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Glam Up and Give to Malaysian Charities
The BMCC is happy to support The Lost Food Project's partnership in the Glam Up and Give campaign, a global fundraising initiative to help those severely affected by the coronavirus crisis. Around the world, some of the most vital and best-loved charities have joined forces in a spectacular.
Glam Up & Give is about coming together, spreading a little sparkle, and supporting people in need. Whether it’s a one-off shimmering selfie or a full-blown glamorous party night in, all you need to do is follow these three easy steps.
- Dress up: That special occasion outfit, those stunning stilettos or shiny shoes… even your wedding dress or suit – put on your party gear to Glam Up & Give.
- Share the ❤️: Make a heart with your hands, take a photo or video, and choose the friends and family you’re going to ask to glam up too.
- Support vulnerable people: Donate here and post on social media nominating your friends to do the same
For more information and to make a donation, click here |
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HSBC: Diversifying The Supply Chain (Webinar, 9 June)
COVID-19 has exposed the vulnerabilities of a complex global supply chain built on the principals of lean manufacturing. With forward-thinking supply chain management and a focus on strategic sourcing, diverse suppliers can be a cornerstone of any organization's success. This exclusive webinar will discuss current trends influencing supply chain strategies and how supply chains will be redesigned in a post-covid world.
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University of Nottingham Malaysia: Inclusion in the Workplace Webinar Series (17 June & 14 July)
On 17th June (Wednesday) and 14th July (Tuesday) 2020, the University of Nottingham Malaysia will be hosting the Inclusion in the Workplace Webinar Series #1 and #2. The topics covered in the webinar series addresses the current issues pertaining to mental health, workplace supports and social security. The webinar series would benefit working professionals who would like to engage in professional development in the area of Diversity and Inclusion.
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MIDA: Malaysia is Open for Business
• Fast Track Approval of Investment Project • Project Acceleration and Coordination Unit (PACU) • Incentives to Encourage Foreign Manufacturing Companies to Relocate to Malaysia • Enhancement of Domestic Investment Strategic Funds (DISF) • Spur Establishment of New Businesses • Additional Reinvestment Allowance
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Abdullah Chan: Update note – New Section 17A Malaysian Anti-Corruption Commission Act 2009 came into effect 1st June 2020
The New Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (“MACC Act”) was enacted in April 2018, and came into force on 1st June 2020. S.17A introduces the concept of corporate liability on a commercial organisation, if a person associated with that commercial organisation corruptly gives any gratification to another to obtain business/advantage for the commercial organisation1.
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ABAC Center of Excellence explains ISO 37001’s role against bribery and corruption
"CEO Zafar Anjum says it’s less costly to certify compared to the loss suffered with being charged with bribery. In 2019, Malaysia’s Prime Minister Tun Dr Mahathir Mohamad rolled out the National Anti-Corruption Plan (NACP) to address the growing world outcry against bribery and corruption. To fortify their anti-bribery management systems, proactive organisations are protecting themselves by establishing “adequate procedures” as a compliance defense in the event of a bribery accusation. But what would warrant “adequate procedures”?"
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Learn virtually with ICAEW Academy Nurture your growth with ICAEW Academy's new virtual offer. You gain the added benefit of smaller classrooms, with under 20 attendees, enabling the content to be tailored to delegate needs. This deeper immersive virtual learning is designed to develop new skills and capabilities. Now 75% for members and 50% off for non-members.
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Direct English UK: Business English 'Pay Per Session' Package
Direct English International Language Centre (DEILC) has rolled out a special 'Pay Per Session' Fee Package where you could pay as you learn and exit as you wish. Start your Business English (Direct English, UK) course with only RM270 as upfront fee and continue to pay RM90 per session to complete your course. Check this out! |
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ISP Virtual Open Days & Coffee Morning (June)
Tenby Schools and Asia Pacific Schools, part of International Schools Partnership network, will be holding their virtual open days and coffee session in June 2020. Don’t miss out on our exclusive promotions for our virtual visitors. To sign up, please click on the links below. |
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The International School @ ParkCity KL Online Open Day (20 June)
We invite you to join our Online Open Day on 20th June 2020 via video conference.
The Online Open day will start at 11:00 am and will be led by Mr Jonathan Turner, Principal of ISP. He will be joined by the Head of Primary School, Miss Rebecca Findlay and Mr Simon Taylor, Head of Secondary School.
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Henley Business School – Undergraduate Degree Intakes in July and September
The Henley Business School at the University of Reading Malaysia, the international branch campus of the University of Reading, is now accepting applications for its undergraduates degrees in Accounting and Finance, Finance and Business Management, Real Estate and Business and Management. The degrees are identical to those awarded on Henley’s UK campus following the same curriculum and academic standards. Scholarships are available for academic high achievers.
Call +607 2686 205 | Whatsapp +6016 7725 400 my.enquiry@reading.edu.my |
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Milestone Production: Moving Forward with Digital Transformation
Go Virtual, Go Global. Embrace the future and take your events online with Milestone Production, a certified virtual event planner. From conferences, concerts, product launches to 3D exhibitions, we are equipped to these into professionally organised live webinars and virtual events for you. Packaged with performance marketing, campaign managements, e-commerce and interactive website developments, organise high quality end-to-end virtual events with a peace of mind! Get in touch with us today!
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Lemon Garden @ Shangri-La Hotel Kuala Lumpur
Power breakfasts, business lunches and indulgent buffet dinners at Lemon Garden is back in action with a brand new look and refreshed menu.
Contact tengku.hijah@shangri-la.com for Dine-In booking with special promotion. Buy 1 Free 1 for any of the following:
1. A la-carte menu of Lemon Garden Cafe 2. Hari Raya set menu at Lemon Garden Cafe 3. Rice Dumplings at LGC.
Promotion from 1-26 June 2020. Open for Dinner only from 6.30 pm and last order at 8 pm
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COVID-19 relief initiative by Social Textiles movement
The BMCC is happy to support Biji-biji Initiative (BMCC Awards 2019, Social Enterprise of the Year Finalists) in their partnership with the Social Textiles movement. They have mobilised their second phase of the Covid-19 relief initiative, and have joined forces with several other social enterprises to initiate a decentralised production platform, to provide PPE Scrubs Sets. This collection of organisations is called Social Textiles.
Biji biji are currently seeking fundings and corporate partnerships, as we aim to provide a total of 50,000 PPE Scrubs Sets, providing up to a total of RM 1,250,000 income generated to individual tailors, SEs and NGOs on board.
The purpose of Social Textile, on top of providing PPEs for the frontliners, is to: - Improve the livelihoods of underprivileged makers as we engage with tailors & seamstresses from marginalised communities
- Sustain Social Enterprises and NGOs in their continuous impact creation through ethical business practices
- Provide 100% transparency in carrying out this project, including costing & hospital fulfilment, through a detailed impact report and accessibility to live data at any point during the project
For more info click here or contact mazreen@biji-biji.com |
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British Malaysian Chamber of Commerce Berhad 201801018075 (1280091-P) E04C0, 4th Floor East Block, Wisma Golden Eagle Realty, 142-B Jalan Ampang, 50450 Kuala Lumpur Copyright © BMCC 2020 |
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